On a constant basis, lots and lots of people find ways to solve one of their top problems-that on the financial side. Although their regular jobs must be providing them enough money to shoulder their needs, they just could not settle for anything that is just enough. Much more, they could not lie around receiving anything less. Thus, they always make it an excuse to search for successful home based business ventures and earn more than enough.There is always that anxiety that you are not making enough money to sustain all of your personal and family’s needs. Therefore, it doesn’t come as shocking when you re-think your choices and prefer to own your time while making big cash.If you have heard individuals who vow that there are just successful home based business opportunities out there, then you better believe them. For sure, they will not be telling around tales if they themselves have not experienced such. Many of them have started with nothing. Many of them have gone through the same rough roads. They have struggled with the odds of running a startup home based business. They have likewise traded their regular and stable jobs with time, flexibility, and the potential of earning more than what they have been getting. Hence, realistically, there is that possibility of turning a startup home based business into a successful one if you will just loosen up. You will come to see your own success if you strive hard.Alright, so how do you spot at a successful home based business? Why don’t you start out with one of the greatest sources these days, which is none other than the Internet? Yes, you got it right! The Internet can turn every single willing individual into an entrepreneur. What basically sets an Internet business apart from the typical brick-and-mortar investments is the fact that it will not force you to shell out too much money. As it goes, a successful home based business requires very minimal financial capital.But then again, be very careful about idling. Others will lead you to the assumption that a successful home based business on the Internet will not require effort on your part. It is but one of the many false assumptions made by others, which must never apply to you. Remember that you decided to let go of your current job because you wanted to be your own boss and work at your own pacing. More importantly, you shifted from a 9 to 5 job to a home based one because you wanted to do business. It is not just a hobby, which you will attend should you have the interest. Rather, it is a source of living that when executed the right way can make you earn more than what you have been expecting.

On a sunny afternoon in Florida, an energetic crowd gathers on the lawn of a high end luxury estate. A loud and eager banter between an auctioneer, a group of bidders and bidder assistants fills the air. For several minutes the auctioneer asks for the next highest bid and the bidders respond. Suddenly the bidders grow silent. The high bidder holds his breath in anticipation of winning the auction. The auctioneer calls for one more bid. In a loud clear voice which rolls over the audience he says, “Fair warning, last chance” the auctioneer pauses, “SOLD!” And in less than 10 minutes another multimillion dollar estate has changed owners.

Successful real estate auctions like the one above are happening all over North America and the Caribbean. Recently real estate auctions have been on the rise, the increase in popularity is partly driven by growing inventories and fading buyer confidence. Properties that were selling in weeks using traditional methods are now languishing on the market unable to attract buyers even as seller’s lower prices. Many say the real estate boom is over but savvy buyers and sellers are profiting from real estate auctions.

Real Estate Auctions Work in Up or Down Markets.

Regardless of trends or market cycles, real estate auctions provide an open and transparent process for buyers and sellers. Properly conducted real estate auctions attract ready and willing buyers and motivate them to act now.

The auction method removes the “wait and see” attitude which serves to further depress real estate values. Buyers are always concerned about overpaying. Buyers gain confidence with their purchases at real estate auctions because they can see what others are willing to pay.

When market demand is high and inventories low, real estate auctions can deliver selling prices well above what a willing seller would have accepted in a negotiated private treaty sale. In good selling climates many property owners using traditional real estate methods; negotiating with one buyer at a time, leave thousands of dollars of equity on the table. During up markets real estate auctions are the best way to establish top market price.

Evaluating Your Real Estate for Auction

Not every property or seller for that matter makes a good candidate for auction. First of all sellers must be ready to sell now and for the current market value. Also a real estate auction will not fix problems caused by a downturn in market value of your property, if you owe more than a willing buyer will pay, be prepared to come to closing with your check book.

Properties that do well in real estate auctions have a high uniqueness factor. Ask your self, “What makes my property different from most others?” Maybe you own a resort property or high end luxury home, commercial properties and land do very well at auction. Real estate auctions thrive on uniqueness. If your property is like everyone else’s, the best thing you can do is offer the most competitive price.

Most importantly sellers must be reasonable about setting a minimum bid. A seller must look at the lowest, most current comps and price below that to generate the interest and urgency necessary for a successful real estate auction. Once the auction begins and qualified bidders start competing against one another you can watch the selling price increase.

Locate a Qualified Real Estate Auctioneer

Start by checking with the National Auctioneers Association, the best real estate auctioneers belong to this organization. These real estate auctioneers are well trained and adhere to a standard of practice and a code of ethics. Many attend the annual International Auctioneers Conference where the latest techniques and innovations in the real estate auction industry are presented.

Find out if the company you are interviewing is a full time real estate auction firm. Many real estate agents are getting auction licenses yet have no experience with the auction method of marketing. Conducting a successful real estate auction is nothing like (private treaty) traditional real estate sales. Go with a real estate auction pro.

You’re probably better of with an auction house that specializes in real estate auctions. There are many qualified auctioneers who have generations of experience selling personal property; furniture, dishes, lawn equipment and the occasional rare painting. Selling real estate at auction is a complex matter that should only be attempted by full time experienced real estate auction professionals.

Commissions and fees may vary, sellers must pay all marketing expenses up front and buyers typically pay 10% of the sales price to the auctioneer of which a share goes to participating real estate agents.

Types of Real Estate Auctions

Auctions are effective because they create a seller’s market. Professionally conducted real estate auctions create urgency, a reason to buy today and competition for the property. Terms and conditions of sale are established ahead of the auction. Real estate auctions will follow one of these three approaches:

Absolute Auction

The property is sold to the highest bidder regardless of price- using this process often returns the highest sale price.

Minimum Bid Auction

Seller agrees to sell at or above a published minimum bid price – this method is useful for internet auctions.

Seller Confirmation or Reserve Auction

With a reserve auction, the seller “reserves” the right to accept or decline any bids usually within 48 hours of the auction. Reserve auctions are used when there is a lien on the property from a lender or a court ordered sale with a minimum selling price.

With the recession, companies closing and the incredible increase of unemployment everywhere around the world it is difficult to project ourselves in the future. This situation pushes many of us to use their entrepreneur mind-set and grow a home based business.To be an entrepreneur is not an easy task. Nobody will tell you what to do, when to do it and most of all how to do it. But one thing is common to all the people who start a home based business is passion, motivation, and rigor! This is not surprising; those are the foundations of all the major industries in our country.The passion is source of creation:To create your home based business, you will need ideas of products, marketing, distribution,… For some people these will come naturally and for others it will be hours, days, months of reflection, discussion with others. So, in the first times of your market research you should focus on topic that you like or you have experience in. If you are a fan of golf and practice it for a while, you certainly met some problems regarding the technique or material. Find an answer to this problem and you have a business opportunity. Yes, there are millions of golf players in the world; some certainly met the same issue: they are your potential customers. For technique issue, your products can be video training (cheap and easy to do with a computer and some freeware). If it is material, you can always find a merchant that propose affiliate program, so promote his products and get your commission.The motivation is your petrol:Have you ever notice how you can easily complete boring and hard tasks when it is related to a topic you are passionate in? Any business, either home based or not requires time, dedication and most of all MOTIVATION. You will pass through hard time before your first sale/contract/commission, great time when you will make good profits, stress, laugh, and many more. Therefor you need to be motivated to keep your direction and don’t give up. You are the Boss now, so behave like one; I’m not talking about this pain in the *** that make your day a nightmare, but rather the captain of the boat that spray confidence and positivity around him. This is the right entrepreneur mind-set.The rigor keeps you on track:Your home based business is not a hobby like the gym club that you start three months before to go to beach and give up afterward. Here, we are talking about what will bring you something to eat every day (and maybe much more), you have to be rigorous in your approach.
First of all, before to jump in any business, learn at least the basics of the activity to be ready to what is waiting for you.
Second point, don’t let others put you down, especially at the beginning you will need supportive people around you.
Know where you are and where you’re going: prepare a plan, work-flow chart, business plan or any other support document that will be your road map and stick to it (you can adjust time to time, following the evolution of the activity and your knowledge).
Keep record of everything: expenses, profits, costumer and supplier details. You will need it to track your performance (are you really making money?!) and to develop your business network (building confidence with suppliers and trust relationship with costumers).No, don’t be scared, a lot of people did it before you and many after. A home based business is a great achievement for any entrepreneur and most of the time requires a minimum of investment. The only thing to remember when starting this kind of adventure is to take it seriously and to prepare yourself to any outcome.Maybe you have already an idea of activity but don’t know where to start, then the internet is here to help you to find some expert in your field that can give you some guidance. But as long as you got the right entrepreneur mind-set, your small business has all the chance to succeed.